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Federal Way, WA 98023

Federal Way (98023) has an estimated 47,510 residents with 47,319 of those people in approximately 16,912 housing units. The 98023 zipcode contains 9,212 housing units that are owned with a mortgage or a loan, 1,815 housing units that are owned free and clear and 5,885 housing units that are renter occupied.


In Federal Way (98023) the median listing price of $385,000 has dropped by $4,475 since 2018-10.

In 2018 the average percentage drop was 2.58% of original listing price.

73 homes were sold in 2018-11 in FederalWay, WA (98023).
This monthly number has dropped by 8 from the previous month.

Zip code 98023 is in the Seattle-Tacoma-Bellevue metropolitan area.
The median estimated home value in Federal Way, WA (98023) is $369,200 as of 2018-10-31

In Federal Way, WA (98023), values have dropped by -0.02 from when they peaked at $376,900 in 2018-Q1

The Zillow Market Health Index for Federal Way, WA (98023) is 2.02. The corresponding state value is 9.41. This is significantly lower than the overall Market Health Index of Washington.
Metro value is 8.99.
This is significantly lower than the overall Market Health Index of Seattle-Tacoma-Bellevue.


Demographics of Federal Way zipcode 98023
The median age here is 35.60. This age is 93.7% the national median age.
The number of male residents is 23,538 with a median age of 34.50 years. The number of female residents is 23,972 with a median age of 36.80 years. This yields a ♂ to ♀ ratio of 0.98
The average household is 2.80 persons and has an income of $82,566.
The average family size in Federal Way is 3.24.
Area Code: 253
Time zone: Pacific USA
Region: West - Pacific
Has Daylight Saving: Yes
Businesses: 658
Employment: 3,303
Medicare Area: Seattle-Bellevue-Kent, WA
County: KING

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